India’s merchandise exports in May rose by 20.55 per cent to $38.94 billion, while the trade deficit ballooned to a record $24.29 billion, according to the government data released
India exports | India trade deficit | Indian exports and trade deficit
India’s merchandise exports in May rose by 20.55 per cent to USD 38.94 billion, while the trade deficit ballooned to a record USD 24.29 billion, according to the government data released on Wednesday.
Imports during May 2022 grew by 62.83 per cent to USD 63.22 billion, the data showed.
The trade deficit stood at USD 6.53 billion in the same month last year.
Cumulative exports in April-May 2022-23 rose by about 25 per cent to USD 78.72 billion.
Imports in April-May 2022-23 increased 45.42 per cent to USD 123.41 billion.
The trade deficit during the first two months of this fiscal widened to USD 44.69 billion against USD 21.82 billion in the year-ago period.
(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)
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First Published: Wed, June 15 2022. 13:21 IST